U.S. exporters are quite upbeat over their booming business despite growing concern over huge trade deficit with China. As a matter of fact, the U.S. is in the middle of an export boom, partially offsetting the country’s enormous trade deficit and providing a modest cushion against sluggish housing sector which is taking a heavy toll on the U.S. economy. In Washington, few lawmakers are relentless in branding Chinese imports as threat to national prosperity while democratic leaders incessantly alleging that free-trade pacts have sold out American workers. Even in the last year’s election manifested growing unease over the strength of U.S. companies in the global economy. However, U.S. exporters present an entirely different point of view. If the first 11 months of 2006 taken into consideration U.S. exports jumped 13.1 percent over the corresponding period in 2005 to reach $1.31 trillion. Interestingly, exports to China increased significantly by 33 percent in the first 11 months of 2006. Now China, combined with Hong Kong, is the third largest export market for the U.S. However, the export surge has failed to balance the nation’s trade in positive direction. In the first 11 months of 2006, the U.S. imported $2 trillion worth of goods and services that constituted almost 50 percent more than what they exported. And this trend resulted in a huge trade gap of around $700 billion. Moreover, it is expected that the total huge deficit for entire 2006 will touch a record mark of $717 billion. On the other hand high energy prices have also contributed significantly in widening trade gap of the U.S.